What does half life of 500,000 years mean? Does that mean any given gene will, on average, split every 500,000 years? Or become unusable in 500,000 years?
65 million years would mean 130 halvings. Basically nothing left, then.
...but this may depend on environmental conditions. this must depend on average environmental temperature, right? Might dinosaur specimens in Antarctic or Arctic regions have experienced significantly lower average environmental temperatures? That could increase the half life significantly.
Maybe we'll find Cryolophosaurus DNA some day...
EDIT: the DNA degradation study specimen was in the south island of New Zealand, which had an average burial temperature of 13C.
Antarctica along the coast has an average annual temperature of about -10C. Further inland and at higher elevation, it's much colder and dryer. Both those increase DNA stability. It's not crazy to me that you might have a factor of 100x greater stability for specimens found where the average temperature over the last 65 million years was 20-40 degrees colder and also dryer.
EDIT AGAIN: Just to support what I said, it seems like a difference of average burial temperature of just 2.5 degrees C doubles the half-life of DNA (and this is multiplicative), so with a 20 degree difference in average burial temperature, that would be 8 doublings of half-life length (factor of 256), so instead of 500,000 years until the DNA was all broken up, you could have 128 million years. https://figshare.com/articles/_Predicted_DNA_half_life_for_v...